Marriott's Lakeshore Reserve is next to the main Marriott Hotel on John Young Parkway. Marriott Vacations Worldwide Corp. is the world's No. 2 time-share seller. (George Skene/Orlando Sentinel/MCT)

Written by

Jason Garcia
Orlando Sentinel

Marriott Vacations Worldwide Corp., the world's No. 2 time-share seller, recently discovered an easy way to cut its U.S. tax bill: Pay some of it later.

The Orlando, Fla.-based company, whose brands include Marriott Vacation Club and The Ritz-Carlton Destination Club, will defer approximately $40 million in federal and state income taxes this year by taking advantage of laws allowing people and businesses to spread out tax payments that stem from sales financed over time. The company expects to defer another $10 million in payments annually for at least the next few years.